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PrimaCom AG

euro adhoc: PrimaCom AG
Annual Reports
PrimaCom reports further improved consolidated revenues and operating profit for 2004.

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29.04.2005

For the year ended December 31, 2004 revenues reached Euro 210.7 million, a 6.4 percent increase over 2004.

The company increased its operating profit to Euro 21.2 million in 2004 compared with Euro 19.4 million 2003.

EBITDA for 2004 fell to Euro 103.7 million, a 3.0 percent decrease compared with 2003 EBITDA.

In 2004, EBITDA and operating profit was negatively impacted by the high-level of Euro 9.5 million professional fees, related to the ongoing efforts to achieve a financial restructuring of the Company. Of the Euro 9.5 million, Euro 6.5 million relates to the indemnification by PrimaCom, under the Senior and Second Secured Facility agreements, of costs incurred by the respective bank groups for their legal and accounting advice, together with the corresponding costs of PrimaCom’s own lawyers. The remaining Euro 3.0 million is in respect of professional fees related to the special investigation mandated by shareholders at the Company’s AGM in June 2004, the costs of a special audit regarding over-indebtedness, and contract release costs resulting from a change of satellite provider.

Net loss for 2004 was Euro 113.5 million compared with a net loss of Euro 118.1 million 2003.

Revenue generating units increased by 21,556 or 1.5 per cent from 1,405,862 at December 31, 2003 to 1,427,418 at December 31, 2004, with a decline in analog customers of 2.4 per cent being offset by substantial growth in both Internet and telephony customers.

PrimaCom continues to focus on revenue improvements, cost reduction management and profitability improvements and actively pursues all opportunities to reorganise its debt and equity structure.

end of announcement                                euro adhoc 29.04.2005 08:04:24
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Further inquiry note: PrimaCom AG Investor Relations T.: +49(0)6131 944 522 E-Mail: investor@primacom.de

Branche: Telecommunications Equipment
ISIN:      DE0006259104
WKN:        625910
Index:    General Standard, CDAX, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade



Weitere Meldungen: PrimaCom AG

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